Bitcoin fell below the $88,000 mark on Sunday as crypto markets weakened during thin weekend trading. The move extended a pullback that has pressured digital assets over the past week.
BTC was trading near $87,800 in U.S. afternoon hours, down about 2% over the last 24 hours, according to CoinGecko. Ether slipped toward $2,880, while Solana, XRP, and Cardano each fell between 3% and 5%.
The decline triggered heavy liquidations across the market. Data shows about $224 million in bullish positions were wiped out, including $68 million in Bitcoin futures and $45 million in Ether futures.
Weekend price moves are often driven by position adjustments rather than new information. This tends to happen after periods of high volatility earlier in the week.
Markets are also watching developments in Japan, where concerns over sharp moves in the yen have raised caution. Comments from Prime Minister Sanae Takaichi about “abnormal” currency movements added to uncertainty, even without confirmed intervention.
In the U.S., political tensions added to the uneasy mood. Senate Democrats signaled they may block a major spending bill, raising the risk of a partial government shutdown and tighter short-term liquidity.
The latest dip follows a volatile stretch that briefly pushed Bitcoin below $90,000 earlier in the week. More than $1 billion in leveraged positions were liquidated during that period amid broader macro uncertainty.
Attention now turns to the days ahead, with investors focused on the Federal Reserve’s policy meeting and a busy earnings week for major technology firms. The Fed is widely expected to keep interest rates unchanged.
